Latest News

Gold prices in Pakistan continue to drop for fourth consecutive day

Gold prices in Pakistan on Thursday continued to drop for the fourth consecutive day!

The rates of the yellow metal have been volatile in Pakistan recently amid continued political and economic uncertainty, and high inflation.

However on Thursday, as per the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the domestic price of gold (24 karats) lost Rs5,800 per tola and Rs4,972 per 10 grams to settle at Rs216,500 and Rs185,614, respectively.

Meanwhile, the price of silver 24 karats dropped by Rs50 per tola and Rs42.87 per 10 grams to settle at Rs2,650 and 2271.94, respectively.

On Sep 6, the price of a 24-carat bar settled at Rs222,300 per tola, after a single-day decrease of Rs10,500 per tola, according to rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, Sep 5, gold prices in Pakistan saw a decline of Rs6,300 per tola.

The development comes as the Pakistani rupee continued to strengthen against the US dollar in the open market.

The rates of yellow metal in Pakistan closely follow the trajectory of the US dollar and international rates of the commodity as the country remains a net importer of gold.

Saman Siddiqui

Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

3 + 11 =

Back to top button